Banco Santander (NYSE:SAN) Sees Large Volume Increase

Shares of Banco Santander, S.A. (NYSE:SAN) saw an uptick in trading volume on Friday . 1,045,926 shares traded hands during trading, a decline of 64% from the previous session’s volume of 2,925,435 shares.The stock last traded at $4.60 and had previously closed at $4.62.

Analyst Ratings Changes

A number of research firms have weighed in on SAN. Barclays raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th. StockNews.com lowered shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd.

Banco Santander Trading Up 0.2 %

The company has a market cap of $73.27 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 0.39 and a beta of 1.17. The business’s fifty day moving average price is $4.97 and its 200 day moving average price is $4.52. The company has a debt-to-equity ratio of 13.96, a current ratio of 2.27 and a quick ratio of 0.35.

Banco Santander (NYSE:SAN) last released its earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $16.34 billion during the quarter. Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. Research analysts anticipate that Banco Santander, S.A. will post 0.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Santander

Institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. acquired a new position in shares of Banco Santander during the fourth quarter valued at about $35,000. Glassman Wealth Services increased its position in shares of Banco Santander by 56.3% during the fourth quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock worth $40,000 after acquiring an additional 3,444 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of Banco Santander by 1,853.0% during the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after acquiring an additional 7,931 shares in the last quarter. Riversedge Advisors LLC bought a new stake in shares of Banco Santander during the fourth quarter worth about $42,000. Finally, Coldstream Capital Management Inc. bought a new stake in Banco Santander in the 4th quarter worth about $42,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.